Midlands Engine Investment Fund II secures 100 deals and £37m in funding
The Midlands Engine Investment Fund II is celebrating a milestone, surpassing 100 deals across the region and unlocking £37m in total funding.
Launched just a year ago, the fund has been supporting new and growing businesses, with over £27m invested to date.
The latest success story comes from CSEM Technologies, a specialist in air compressor installation, which has secured a £250,000 debt investment to expand its workforce and infrastructure.
It is just one of many investments spanning sectors from tech to manufacturing.
Andy Crone, managing director at CSEM Technologies said: “We were looking for ways to level up the business in terms of our offering, skillset and infrastructure, and to do so we realised that external finance would be needed. The funding from the Midlands Engine Investment Fund II has allowed us to create jobs, strengthen our core offering, and start looking ahead at the new sectors we’re keen to target. 2025 is already looking to be an exciting year for us at CSEM Technologies.”
Jody Tableporter, director of Nations & Regions Investment Funds at the British Business Bank said: “Celebrating more than 100 deals for the Midlands Engine Investment Fund II almost one year after its launch marks a significant milestone for the fund and demonstrates the importance of access to small business finance.
“With more than £27m invested already and a further £10m unlocked in private sector funding, the appetite here in the Midlands for doing business is strong. The British Business Bank is here to support businesses looking to grow and scale, across the whole of the Midlands, and we look forward to continuing this important work.”
